HOUSTON, 3 May 2007.Cooper Industries Ltd. has announced the acquisition of MadahCom Inc. for $43 million. MadahCom, based in Florida, is a privately owned manufacturer of secure wireless emergency control and mass notification systems (MNS).
With sales of approximately $22 million of hardware, software, and installation services in 2006, MadahCom currently has more than 200 installations worldwide at military, government, commercial sites, and industrial locations, as well as other campus environments.
MadahCom will become part of Cooper Wheelock's Notification Systems business. With this acquisition, Cooper Wheelock expands its ability to provide customers with comprehensive indoor and outdoor notification system solutions designed to protect, alert, and inform people in the event of an emergency.
Cooper Industries chairman and CEO Kirk S. Hachigian, notes, "The acquisition of MadahCom builds upon our core competency in the RF wireless space, a technology that we have leveraged across Cooper to create 'smart' products that provide enhanced value for our customers."
